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<br /> 'POdFiTHER W[TH all the improvemcnts now or hercafter erecteci an e properry,nnd all e�semen49. appurtcnances. and `
<br /> Cuetures ttow or hercafter n part of the property.All replacements and additions shall also be covered by this Sec�crity InswnncnG r
<br /> � All of thc forcgaing is rcfcrrod to in this Securiry Instrument ns the"Propeny."
<br /> � BORROWIER COVF.IVAIJTS th�t Borro�Jer is l��vfully seised of the estntc hcrcby convcycd and has thc dght to grant and °
<br /> wnvoy tho Property and thet tho �roperty ls unencumbered, except for encumbrances of record. Borrower warrants ond will
<br /> � i defcnd geucrally lh�s tiqc to the Property against all claims and dcmands.subject to any encumbrances of rccor�. .
<br /> I THIS SECURITY WSTRUMHNT combines uniform covenants for naponal usc and non-uniform covenan�s with limited �
<br /> �� � vndntions by jurisdicdon to consdwte a uniform security instrument covering real property. '
<br /> � UNIF�URM COVENANTS.Borrower and I.ender coveaant and agree as follows:
<br /> 1.Payment of Print(nAI�nd Inttrest;Prepayaoent end Lpte Cherges. Borrower shall promptly pay whcn duc thc
<br /> pdncipal of and inYCCe.st on the debt evidenced by the Note and any prepayment end late cherges due under the Note.
<br /> 2.Fuads for Texes and Insurunce. Subject to applicuble law ar w a wriucn waives by I.ender, Bonower shall pay to
<br /> L.cnd�r on the day monthly payments ere due under the Note,undl the Note is paid in fuU,a sum("Funds") for.(a)yearly taxcs _ - `• .`
<br /> and osscssments which may attain priority over this Security Instrument as a IIen on thc Property;(b)yesrly leusehold payments � `•"';+�.^-
<br /> or ground rents on the Property.if any;(c)Yearly hazard or property insurance premiums:(d)Yearly tload insurance premIums,if � �^=-•'L `-''
<br /> enY:(e)Yeacly mortgege ins�rance premeums. if any:and(�any sums payable by�orrower to L.ender.in accordance with the :, -.
<br /> rovisions of ai � ``
<br /> p p egiaph 8. in lleu of�lie payme�e�:3 mortgage insurance premiums.These items are culled"Escrow Items." _
<br /> •� L.ender may,at any dme,collect end hold Funds in�.�a�moi�nt not to oxceed the maximum amount a lender for a fedecally related `-
<br /> mortguge loan�nay require for Bomower's escrow account under the federal Real Estnte Seulement Proced�ves Act o£ 1974 as � ' �r,�- -
<br /> amended from timc to time, 12 U.S.C.S�ction 2b01 et seq. ("RESFA"),unleas another law that eppHes w the�nds sets a lesser f'-�=
<br /> amounc. If so, Lender may,at any time, collect and hold Furtds in an amount not W exceed the lesser amoun� Lender may '�!:�
<br /> estunate the amount of Funds due on the basis of current data end reasonable esbienates of expenditures of fuwn Fscmw Iterns or ` �'�
<br /> . � othetwisc in accordance wi�applicable law. � `.��
<br /> 'Ihe Funds shall be held in an insdtution whose de sits aze ir�sirrcd b a federal a enc insm�mentali or enti incl . ' �
<br /> Po Y B Y, �Y. �Y( ��8
<br /> �, Lender.if Lender is such an institution)or Li any Federal Home Lm�u► Bank.Lendei shall apply the Funds to pay the Escr�w `�'i�� a �
<br /> Items.Lender ma not char e Borrower for holdin and a 1 in ¢hc Funds.annuall anal zin the escro�v account,or verif nn •• �� �� �
<br /> ,. Y 8 8 PF Y B Y Y 8 Y 8 ,:��'�` .
<br /> M the Bscrow Items,unless Lender pays Borrower interest on the Funds and apptIcable law permits Lender to make sach a charge. ,-��
<br />=- -__---�- F:O::�L'Ci,�.CTi��iiLZ� :�u�u a", uvv'ti'ci t'v yuy u 'via�-iui��GLiFu�d i0i $II t1WG�lGIIUG/ll+Gii CY{8IC{87C ICPOIIIIIB SCiV1CC USCd IIy
<br /> � ' Lender in connecHon wi�h thLs loan. unless applicable law provi�es otherwise. Unless an agreement is made or appllcablo law
<br />, rcquires interest to be paid, I.ender s�all not be required tn pay�anower any intsrest or eamings on the Funds. Hortower t�nd �
<br /> I.ender may agrce In wridng,however.t�at interest shall he psrid on lhe�unds.L.ender shuU give w Bonower,without chargc.nn '� `;i
<br /> � � annual accoimting of the F�nds,showing credits and debits to the FS�nds end the purpose for which esch debit to the Funds was �' -;� �
<br /> �' made.The Funds are pledgerl a9 addltional security for all sums secured by this Security Instrument. �' ' ,.
<br /> ��, If the Funds held b Le.nder cxceed the emounts +. t .,
<br /> �„ y permist�d to be held by applicable law.Lender shall account to Borrower for
<br /> the excess Funds ln nccordance with the requirements of applicable t�1w. If the amount of the Funds held by Lender at eny tune is
<br /> not sufficient to pay the Escrow Items when dae,Lender may so nolify Borrower in wripng,and,in such case Bomnwer shall pay
<br /> co Lenckr the omouni necessary to make up Ihe dsficiency. Borrower shall make up the deficiency in no mom than twelve — --
<br /> monthly payments,at Letider's sole discretion. :�•��
<br /> � Upon payment in full of all sums secured by this Security Instrument,Lender shall prompdy refund co Borrower eny Funds ��-�
<br /> " held by Lender. If,under paragraph 21,Lender shall acquire or seU the Propeny.Lender.prior w the acquisidon or sale of the E_,=--
<br /> _ � Prnperty,shall apply any Funds held by Lender at the dme of acquisition or sale as a credit ageinst the sums secured by tfi�is �-""�"�"°
<br /> SecurIty Instrument — _- —_—
<br />_ 3.Applkation of Papen:ents. Unless applicable law provides otherwise,all pAymcnts i+ecelved by Lendez under paragrnphs - ---
<br /> � 1 and 2 shall be liecl:Cirst,to an `;:--
<br /> app y prepayment charges due under the Note;second,ta amounu payuble under paragraph 2; : ��s�:;:�R„
<br /> : �• � third,to interest due;fowth,w principnl due;and last,to any late charges due under the Note. �"�
<br /> 4.Charges;Liens. Hosrower shall pay nll taxes.assessments. chArgcs. fines end imposiaons atlributable to the Property � �'��
<br /> which may susin priority over this Securlty Instiumcnt,end leasehold payments or groand renta,if any,Bor�wer shall pay these --
<br />=_- " � obligadons in the manner provided in paragraph 2,or if not patd in thei manner,Sorrower shall pay�hem on tune directly w the `���• �-•
<br />;f person owed paymenG Borrower shall prompdy fumish to Lender all mo6ces of amounts to be paid under this pnraRcaph. If °"�"��'
<br /> ._ Bnirower malccs these payments directly,Borrower shall prompdy furnish to I.ender rcceipts evidencing the payments. ��R ?'�'�"���
<br />= Boirower shall prompdy discharge nny lien which has grioriry over this Security Insuument unless Bo�rower: (a)agrees in �i'`ti'`����
<br /> WI![lIl [O I�18 A '-°r .r,'r�'"���
<br /> g p yment of the obllgation sec�red by the lien in a manner acceptable w Lender,(b)contests in gaod fa�th the lien ,,�;.: � �.�,.....-.:
<br />� by, or defends against enfo7cement of the lien in, legal proceedings which In the Lender's opinion operata to pnvent the `�:r��`•�'�'��
<br /> � enforcement of the lien; or(c)secures from the holdsr of the lien an r`'�"'�°•R=�
<br /> agreement satisfACto to Lcnder subordinatinn the lien to ""`""'" '
<br /> rY g ,�:,�..., .,.�
<br />, � this Securiry InstrumenL If Lender detern�ines that eny part of the Property is subject to a lien which may attain priority over this �
<br /> . Security Inst�ment,Lender may give Boaower a notice identifying the lien. Bomower shall satisfy the lien or take ane or mom . -�
<br /> of the actions set forth above within 10 days of[he�iving of notice. „ . _
<br />_ Form 9028 9/90 �.
<br /> . �•8R(NE)te2t2).ot Paps2o16 Initlata:.. _
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